Above 1 year to less than 3 years (except 444 days)
3 years Mahalaximi
Over 3 years to 10 years
*Annualized Yield in % terms at the end of the slab.
For Deposits above Rs.5 crore, please contact your nearest Branch/Zonal Office.
The rate of interest on Bank Term Deposits Scheme, 2006 (Tax Saving Scheme for 5 year term deposit) up to investments of `1.00 Lakh only will be 9.00%.
In case of premature withdrawal of deposits, interest is payable at the rate applicable to the period for which deposit has been actually held with the Bank.
On premature withdrawal of term deposits, for deposits up to 1 year maturity (tenor at the time of opening the account) there will NO PENALTY on the applicable interest rate. Interest rates on prematurely withdrawn term deposits with maturity period more than 1 year will be 1% below the applicable rate.
Deposits to be accepted for a maximum period of 10 years.
All rates are subject to change from time to time.